U.S. stocks lifted by Fed speculation

U.S. stocks lifted by Fed speculation

The U.S. stock market drew a Tuesday afternoon lift from speculation the Federal Reserve was readying to announce an effort to force banks to lend more. The talk involves the idea that the central bank would stop paying interest on reserves where it is currently paying 0.25%, according to Peter Boockvar, equity strategist at Miller Tabak. But Boockvar dismissed the talk, saying he doubted the Fed would use its "last bullet" so soon.

source: marketwatch.com